LoanProtector life and disability insurance provides you with a secure financial safety net for your loan or line of credit precisely when you and your family need it most.
The outstanding balance as of the date of death or the average monthly balance for the 12 months prior to the month of death.
3% of the outstanding balance as of the date of disability or the average balance for the 12 months prior to the month in which the disability occurred.
Both life and disability benefits are non-taxable and benefits do not have to be coordinated with other insurance plans.
The content of these pages is provided for informational purposes only and is not complete in detail. Coverage is governed by the terms and conditions of group’s creditor policies, #G28444 for life insurance and #H28445 for disability insurance issued to Royal Bank of Canada by The Canada Life Assurance Company.
Underwritten by The Canada Life Assurance Company.